December 10, 2013
Alphaville Urbanismo has completed the raising of BRL800m ($343m) in Brazil
Alphaville Urbanismo has completed the raising of BRL800m ($343m) in Brazil’s domestic bond market, according to Anbima. The 2021 bond pays DI+2.29% and amortizes in annual installments beginning 2016. Bradesco managed the transaction, done under the rule 476 restricted format. Developer Gafisa agreed earlier this year to sell 70% of the Sao Paulo residential development to Blackstone Real Estate Advisors and Patria Investimentos, for BRL1.41bn.